Saudi Re: improved Q1 2025 results

Saudi Re closed the first quarter of 2025 with insurance revenue of 323.4 million SAR (86.2 million USD), up 56.3% year-on-year.

Net result after zakat (Islamic tax) increased by 11.4% to 35.4 million SAR (9.4 million USD).

The reinsurer's shareholders' equity stood at 2.1 billion SAR (559.5 million USD) at end-March 2025, reflecting a 75.4% growth compared with the same period in 2024.